HS Code 99120476 refers to a specific category of goods known as MA goods in subheading 0406. This HS code is used to classify and identify these goods for international trade purposes. In this article, we will explore the product description, bound/MFN duty rate, quantity unit, special tariff preference programs, and the importing and exporting US states associated with this HS code.
The goods classified under HS Code 99120476 fall under subheading 0406. This subheading includes various products such as edible products of animal origin, excluding milk and dairy products. The specific subheadings included within HS Code 99120476 are 0406.10.58, 0406.20.53, 0406.20.79, 0406.30.79, 0406.90.32, 0406.90.37, 0406.90.42, or 0406.90.68. These subheadings further define the characteristics and composition of the goods.
For example, 0406.10.58 refers to products like cooked or smoked hams, shoulders, and cuts thereof with bone-in. On the other hand, 0406.20.53 includes cooked or smoked hams, shoulders, and cuts thereof boneless. Similarly, the other subheadings specify different variations of the goods based on their composition and preparation methods.
It is important to note that these subheadings are crucial for customs authorities and traders to accurately classify and identify the goods being imported or exported.
The bound/MFN (Most-Favored Nation) duty rate is an important factor in international trade. It ensures that when a country lowers a trade barrier or opens up a market, it has to do so for the same goods or services from all its trading partners. In the case of HS Code 99120476, the specific bound/MFN duty rate may vary depending on the country and its trade agreements.
Traders and importers/exporters should consult the customs authorities or trade agreements to determine the applicable duty rate for MA goods in subheading 0406. This information is crucial for calculating the import/export costs and ensuring compliance with trade regulations.
The quantity unit for goods classified under HS Code 99120476 is not available (NA). This means that the specific unit of measurement for these goods may vary and is not explicitly defined under this HS code. Traders and importers/exporters should refer to the product-specific documentation or consult with customs authorities to determine the appropriate quantity unit for their specific trade transactions.
For MA goods in subheading 0406, a special tariff preference program is available. The rate for this program is $1.57/kg for goods imported from Morocco (MA). This special rate is applicable to eligible goods imported from Morocco under the specified subheadings of HS Code 99120476.
The special tariff preference program aims to promote trade and economic cooperation between countries by providing preferential treatment to certain goods. Importers and exporters should ensure compliance with the program's requirements and documentations to benefit from the reduced tariff rate.
HS Code 99120476 applies to goods being imported or exported from the United States. The specific states involved in the import and export transactions may vary based on various factors such as the availability of the goods, market demand, and trade agreements.
Traders and businesses engaged in importing or exporting MA goods in subheading 0406 should consult the relevant trade data and documentation to determine the specific states involved in their trade transactions. This information can help businesses identify potential markets and trading partners for their goods.
HS Code 99120476 classifies MA goods in subheading 0406. This code is essential for accurate identification and classification of these goods in international trade. Traders and businesses should familiarize themselves with the product description, bound/MFN duty rate, quantity unit, special tariff preference programs, and the importing/exporting US states associated with this HS code to ensure smooth and compliant trade transactions.